1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lozanna [386]
2 years ago
11

When calculating the effective rate of a loan, which statement or statements must be true if n is greater than 1? I. The length

of the loan is greater than a single year. II. The effective rate will exceed the nominal rate. III. The interest will be compounded monthly. A. II only b. II and III c. I and III d. I, II, and III.
Mathematics
2 answers:
Fed [463]2 years ago
8 0

When calculating the loan's effective rate, the most accurate statement is that the effective rate will exceed the nominal rate.

<h3>Effective Annual Rate:</h3>

The interest rate for the entire year is known as the effective annual rate (EAR). Interest charges are incurred when a company uses debt or capital leases to fund its operations.

Interest is reported on the income statement, but it can also be generated on an investment or paid on a loan over time due to compounding interest.

It is frequently larger than the marginal rate and is used to compare various financial products with different compounding periods, such as weekly, monthly, and yearly.

The effective yearly interest rate rises over time as the number of compounding periods increases.

Therefore, the correct option is A.

Learn more about the loans here:

brainly.com/question/2405320

hram777 [196]2 years ago
7 0

Answer: Yes, the option is indeed A. II only.

You might be interested in
What is -9+n/4=-7? Please explain in detail, I don’t really understand this at all.
Brrunno [24]

Answer:

n=-19

Step-by-step explanation:

-9+n/4=-7

Multiply 4 on both sides

-9+n=-28

Add 9 on both sides

n=-19


5 0
3 years ago
Find the value of expression m(m-n) for m=3 and n=1<br><br><br> I need the ANSWER ASAP
Alex73 [517]

Answer:

6

Step-by-step explanation:

m = 3

n = 1

Equation

m(m - n)     Substitute the givens

Solution

3(3 -1 )        Evaluate what is inside the brackets.

3(2)      multiply

6

7 0
3 years ago
Does this table represent a function? Why or why not X23455Y14425
rjkz [21]
Could you add an image of the table?
4 0
2 years ago
PLEASE HELP ASAP!!! CORRECT ANSWER ONLY PLEASE!!
Airida [17]

D is the correct answer I think.

8 0
2 years ago
Read 2 more answers
Y-3=2(x+1)<br> Can you guys please help me solve for y
Tatiana [17]

Answer:

First, you have to rewrite the question in a way to isolate your Y. This means moving the -3 over to the other side.

Y = 2(x+1) + 3

Now, you should multiply the 2 out in the parenthesis.

Y=2x+2+3

Now, combine like terms! In this case, your like terms are 2 and 3.

Y=2x + 5

Because there are no more like terms, and Y is completely isolated, Y=2x + 5 is your answer!

6 0
3 years ago
Other questions:
  • Choose which statements are true about pie. Check all that apply
    15·2 answers
  • How to solve number 13
    11·1 answer
  • Help pleaasssseeee (use picture) it’ll only take some time out of your day but will be a big impact on my day thank you hope you
    13·1 answer
  • What is the answer to a situation that could be modeled with the ratio 4 to 1
    11·1 answer
  • Robin puts 58 cups of water into her recipe. Noel puts 13 the amount of water that Robin puts in her recipe.
    7·1 answer
  • Reading and Writing Decimal Numbers through Ten Thousandths
    10·1 answer
  • Need hEli will give Brainly!
    5·1 answer
  • -3 = x + 12 It for math if somebody wants to help
    13·2 answers
  • Two airplanes leave the airport. Plane A departs at a 42° angle from
    12·1 answer
  • Determine if the set of numbers is in order from least to greatest. Explain. -5,3,-3,1,0
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!